Weekly Mixtape For May 5th, 2018

Week In Review Articles:

Wall Street Journal: U.S. Jobless Rate Falls Below 4% For The First Time Since Late 2000

Wall Street Journal: Fed Holds Rates Steady, But Indicates Increases Will Continue

Wall Street Journal: Theranos Cost Business and Government Leaders More Than $600 Million

Investors Business Daily: Warren Buffett’s Berkshire Hathaway Now Owns Nearly 5% Of Apple Stock


The Irrelevant Investor: The Root Of It All “If you were asked to think about how your life could improve, a few things might come to mind. But imagine how your life could get worse, and a barrage of negative possibilities fills your brain. The risk and reward of everyday life is asymmetrical. This is why being a pessimist feels safe and being an optimist feels reckless.”

Barry Ritholtz via Bloomberg: A Billionaire Makes A Classic Investing Error ” Time will tell if Sawiris’s forecasts end up being correct. But we don’t need to wait to identify his portfolio as a concentrated and risky bet. That’s not the best way to manage personal wealth, even when its measured in billions.”

Morningstar: When Are You ‘Money Ahead’ On Social Security? No quotes from this one; I participated in some great conversations around this on Twitter this week, and I thought I would share. Financial planning goes way beyond investments!!

Morgan Housel via Collaborative Fund: Everyone Needs Help “The most important problems anyone faces are the ones that outwardly seem beneath your qualifications because they’re the problems you’re likeliest to ignore.”

The Reformed Broker: ‘Active Management Really Shines In A Bear Market‘ ” Investors coming back into the stock market after taking a beating are doing so in a jaded, unromantic fashion. Just give me the cheapest, least fancy way to get exposure, I don’t even care anymore. I’ve referred to this sort of thing as ‘investing in the missionary position.'”

Morgan Housel via Collaborative Fund: Rules In Textbooks, Guidelines And In The Trenches ” Rules are fun because they exempt you from second-guessing your decisions. But in the trenches, there are only guidelines.”

The Atlantic: The Reinvention Of America “America is becoming more like itself again. More Americans are trying to make it so, in more places, than most Americans are aware. Even as the country is becoming worse in obvious ways—angrier, more divided, less able to do the basic business of governing itself—it is becoming distinctly better on a range of other indicators that are harder to perceive. The pattern these efforts create also remains hidden. Americans don’t realize how fast the country is moving toward becoming a better version of itself.”

Lawrence Hamtil: Why You Should Go Heavy At The March For The Fallen I’m excited to finally be able to attend, and of course, I’ll be going heavy!

All About Your Benjamins: Peer Pressure

All About Your Benjamins: Whiteboard Series- Control What You Can Control


Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.